CKFR Checkfree Corp (MM)

CheckFree Investment Services to Provide Extensive Hedge Fund Data in Its M-Search Database Through Agreement With HedgeFund.net - Enhancement will offer investment consultants a comprehensive solution for researching and analyzing an array of financial products - ATLANTA and JERSEY CITY, N.J., Oct. 20 /PRNewswire-FirstCall/ -- CheckFree Investment Services, a division of CheckFree Corporation (NASDAQ:CKFR), today announced the availability of a range of hedge fund data through CheckFree M-Search, the leading investment manager database and analytical software tool. The data, representing more than 3,100 hedge funds, funds-of-funds and CTAs that report performance in U.S. dollars, is sourced from HedgeFund.net, a division of Channel Capital Group Inc. CheckFree Investment Services is the leading provider of outsourced trading, portfolio management, accounting, reporting services and data to broker/dealers, investment consultants and money managers in separately managed accounts. Through the unified managed account (UMA), investment professionals are taking a holistic approach to investing client assets by, in part, evaluating a range of financial products: managed accounts, mutual funds, ETFs and hedge funds. With this latest enhancement, M-Search can now make available in one powerful and sophisticated desktop tool the data on all of these vehicles. "Aggregation of this data benefits investment consultants by providing a comprehensive solution to research, analyze and compare an array of investment products in a single tool," said Alex Marasco, CheckFree Investment Services executive vice president and general manager. "The ability to include HedgeFund.net data in a single repository also obviates the need for multiple vendor sources, enabling CheckFree clients to increase their efficiencies, better service clients and potentially reduce costs." As the investment management industry's leading source of information on separate account and institutional investment managers, CheckFree M-Search offers comprehensive qualitative and quantitative data on over 1,250 firms and 5,500 products. CheckFree M-Search offers integrated screening and analytics of managers in the Mobius separate account database, along with mutual funds, exchange traded funds (ETFs) and now hedge funds. In addition to data, performance, risk and style analysis capabilities, CheckFree M-Search also provides investment consultants with high-quality reports for client presentations. "Hedge funds have become an increasingly important asset class for a well- rounded portfolio. Using our industry-leading database of hedge fund information, CheckFree Investment Services will be able to provide its customers with research and data on this growing asset class," said Donald C. Cacciapaglia, HedgeFund.net chairman and chief executive officer. About HedgeFund.net ( http://www.hedgefund.net/ ) HedgeFund.net is a leading source for hedge fund news and performance data on the Web. Investors who meet HedgeFund.net's accreditation standards are eligible for access to the site's database of more than 3,750 hedge funds, funds-of-funds and CTAs. The site serves a rapidly growing user base of over 40,000 accredited investors worldwide. Registered users include high net worth individuals, family offices, funds-of-funds, foundations, endowments and pension funds. Investors use HedgeFund.net as an invaluable source for up-to- the-minute news, useful commentary and performance data on hedge funds, with new funds added daily. Fund managers who list their information on the site can opt for various levels of transparency and visibility to our accredited investor user base. Basic registration for the site, at http://www.hedgefund.net/ , is free of charge. About CheckFree Investment Services ( http://www.checkfreeinvsvcs.com/ ) Headquartered in Jersey City (NJ), CheckFree Investment Services provides a broad range of investment management services to thousands of financial institutions. The company's staff of 350 professionals operates from six offices nationwide, including Durham NC, location of its M-Solutions software applications: M-Search, the leading separate accounts manager database and analytical tool; M-Pact, a Web-based, enterprise solution for manager analysis, reporting and proposal generation; and M-Watch, a performance reporting and measurement system. Clients of CheckFree Investment Services manage 1.5 million portfolios totaling $900 billion in assets. The CheckFree APL platform is leveraged by asset management, broker/dealer firms and investment advisors on a remote processing basis. About CheckFree ( http://www.checkfreecorp.com/ ) Founded in 1981, CheckFree Corporation (NASDAQ:CKFR) provides financial electronic commerce services and products to organizations around the world. CheckFree Electronic Commerce solutions enable thousands of financial services providers and billers to offer their customers the convenience of receiving and paying their household bills online or in person through retail outlets. CheckFree Investment Services provides a broad range of investment management solutions and outsourced services to thousands of financial services organizations, which manage more than $1 trillion in assets. CheckFree Software develops, markets and supports software applications that are used by financial institutions to process more than two-thirds of the 10 billion Automated Clearing House transactions in the United States. The division also provides global trade processing, reconciliation, financial messaging, compliance and electronic billing and statement software to hundreds of organizations across the globe. Certain of CheckFree's statements in this press release are not purely historical, and as such are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These include statements regarding management's intentions, plans, beliefs, expectations or projections of the future. Forward-looking statements involve risks and uncertainties, including without limitation, the various risks inherent in CheckFree's business, and other risks and uncertainties detailed from time to time in CheckFree's periodic reports filed with the Securities and Exchange Commission, including CheckFree's Annual Report on Form 10-K for the year ended June 30, 2004 (filed September 3, 2004). One or more of these factors have affected, and could in the future affect CheckFree's business and financial results in future periods, and could cause actual results to differ materially from plans and projections. There can be no assurance that the forward-looking statements made in this press release will prove to be accurate, and issuance of such forward-looking statements should not be regarded as a representation by CheckFree, or any other person, that the objectives and plans of CheckFree will be achieved. All forward-looking statements made in this press release are based on information presently available to management, and CheckFree assumes no obligation to update any forward-looking statements. DATASOURCE: CheckFree Corporation CONTACT: Media relations, Judy DeRango Wicks, +1-678-375-1595, or , or Investor relations, Tina Moore, +1-678-375-1278, or , both of CheckFree Corporation Web site: http://www.checkfreecorp.com/ http://www.hedgefund.net/ http://www.checkfreeinvsvcs.com/

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